AGNC Investment (NASDAQ:AGNC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of AGNC Investment (NASDAQ:AGNC) from a strong sell rating to a sell rating in a report published on Thursday morning, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $18.00 to $17.50 and set an overweight rating on the stock in a research report on Wednesday, July 24th. Maxim Group reissued a buy rating and set a $18.00 price target on shares of AGNC Investment in a research report on Friday, July 26th. ValuEngine lowered shares of AGNC Investment from a hold rating to a sell rating in a research note on Friday, August 16th. TheStreet lowered shares of AGNC Investment from a c rating to a d+ rating in a research note on Thursday, July 25th. Finally, UBS Group started coverage on shares of AGNC Investment in a research note on Friday, June 21st. They set a neutral rating and a $16.50 target price on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $18.17.

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Shares of AGNC traded up $0.21 during mid-day trading on Thursday, hitting $15.85. 5,735,107 shares of the company’s stock were exchanged, compared to its average volume of 5,347,862. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 6.74, a P/E/G ratio of 2.66 and a beta of 0.27. AGNC Investment has a fifty-two week low of $14.51 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.13. The stock’s 50-day moving average is $16.19 and its 200-day moving average is $17.15.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). The business had revenue of $123.00 million for the quarter, compared to analyst estimates of $289.69 million. AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. During the same period in the prior year, the company posted $0.63 EPS. As a group, equities research analysts anticipate that AGNC Investment will post 1.97 EPS for the current year.

The company also recently announced a sep 19 dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, September 27th. AGNC Investment’s payout ratio is 81.70%.

Several hedge funds have recently added to or reduced their stakes in AGNC. Geode Capital Management LLC increased its stake in shares of AGNC Investment by 24.4% during the fourth quarter. Geode Capital Management LLC now owns 7,240,959 shares of the real estate investment trust’s stock worth $127,115,000 after buying an additional 1,420,224 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of AGNC Investment by 59.4% during the first quarter. Janney Montgomery Scott LLC now owns 33,124 shares of the real estate investment trust’s stock worth $596,000 after buying an additional 12,345 shares during the period. Comerica Bank increased its stake in shares of AGNC Investment by 11.6% during the first quarter. Comerica Bank now owns 52,022 shares of the real estate investment trust’s stock worth $941,000 after buying an additional 5,425 shares during the period. Victory Capital Management Inc. increased its stake in shares of AGNC Investment by 212.9% during the first quarter. Victory Capital Management Inc. now owns 2,215,690 shares of the real estate investment trust’s stock worth $39,882,000 after buying an additional 1,507,509 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of AGNC Investment by 8.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 56,420 shares of the real estate investment trust’s stock worth $1,016,000 after buying an additional 4,277 shares during the period. Hedge funds and other institutional investors own 66.48% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).